An Intellyx Brain Candy Brief
Kadena is a serious high-performance blockchain network we are watching. This project just announced an open AWS-hosted offering for developers to build their own dApps to work within their public network or roll their own private blockchain. Kadena is backed and built from a foundation of work within very large financial companies, as well as some government, regulatory and NGO non-profit work in other countries.
Kadena zeroes in on advancing two key areas: enterprise scalability and secure, verifiable smart contracts. The public chain scaling aspect is unique, instead of Proof-of-Stake or sharding of the network, they still rely on a PoW (Proof-of-Work) system. They expect it to grow to meet needs and keep costs under control by defining rules for launching additional chains or parallel ‘Threads’ which are kept in sync. Their private blockchain offers Tendermint-style BFT with a reported high throughput benchmark of 8,000 TPS across 500 nodes for thousands of users.
On the contract side, Kadena offers a declarative language called PACT which makes smart contracts with API calls to services and data sources look simple enough for a lawyer (or non-developer) to parse.
Copyright ©2019 Intellyx LLC. Intellyx advises companies on their digital transformation initiatives, and helps vendors communicate their agility stories. At the time of this writing, none of the organizations mentioned in this article are Intellyx customers. To be considered for a Brain Candy article, email us at pr@intellyx.com.
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